Notification on the change of solicitation status

The periodic review has resulted in no rating action.

Resilient budgetary performance, solid liquidity position, low debt compared to peers and solid economic prospects support the rating. Limited flexibility in revenue and expenditure are constraints.

A wealthy economy, strong fiscal fundamentals and a robust external position are credit strengths. Exposure to external shocks as a small, open economy, ageing-related fiscal pressures and financial imbalances are challenges.

The withdrawal follows Scope’s decision to cease analytical coverage due to business reasons.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

Robust budgetary performance, conservative budgetary, debt and liquidity management and a large, wealthy and resilient economy support the rating. Credit challenges are the low expenditure flexibility related to cost pressures and a high pension burden.

The periodic review has resulted in no credit-rating action.

A strong institutional framework, excellent market access, conservative financial, debt and liquidity management, and sound economic fundamentals are strengths. Relatively high debt and some budget pressures, with moderate flexibility, are challenges.